MONEY FOR A FERRARI
Added on: 22nd Nov 2013
Lady: Do you smoke?
Lady: How many packs a day?
Man: 3 packs
Lady: How much per pack
Lady: And how long have you been smoking?
Man: 15 years
Lady: So 1 pack cost $10.00 and you have 3 packs a day which puts your
spending each month at $900. In one year, it would be $10,800 correct?
Lady: If in 1 year you spend $10,800 not accounting for inflation,
the past 15 years puts your spending at $162,000 correct?
Lady: Do you know that if you hadn’t smoked,
that money could have been put in a step-up interest savings account
and after accounting for compound interest for the past 15 years,
you could have now bought a Ferrari?
Man: Do you smoke?
Man: Where’s your Ferrari then?